Strategy Suggests Semi-Monthly Dividends for STRC Preferred Stock

Strategy, a prominent bitcoin treasury firm, has submitted a proxy statement that could enable semi-monthly dividend payments for its STRC 'Stretch' series preferred stock, pending approval. Executive Chairman Michael Saylor noted that this change would not impact the annual dividend payout or rate of STRC, which currently stands at 11.5%. The proposed modification is designed to stabilize the stock price, minimize cyclicality, enhance liquidity, and stimulate demand. The STRC series has garnered significant attention, with its outstanding notional value reaching $6.4 billion as of the filing. Although volatility has decreased to 2.1% over the past two months, Saylor believes that implementing semi-monthly payments could further reduce market fluctuations. The voting period for the amendment will conclude on June 8, with the anticipated first payment date under the new plan set for July 15. Meanwhile, MSTR shares experienced an 11.8% increase on Friday, coinciding with a 3% rise in bitcoin's value to $77,400.